- CEO
- Mark John Clark
- Full Time Employees
- 155
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 28 Ord Street West Perth WA Australia 6005
- IPO Date
- Jun 1, 2021
- Business
- Capricorn Metals Ltd (ASX:CMM; OTC:CRNLF) operates as a mid-tier Australian gold producer focused on low-cost, open-pit mining and processing in Western Australia; the company produces gold doré from its flagship Karlawinda Gold Project (KGP), located 65 kilometers southeast of Newman in the Pilbara region, where it milled approximately 4.3 million tonnes of ore at 0.92 g/t recovery in fiscal year 2025 to generate 117,076 ounces at an all-in sustaining cost of A$1,468 per ounce; it also advances the Mt Gibson Gold Project (MGGP) in the Murchison region, 280 kilometers northeast of Perth, featuring ore reserves of 2.59 million ounces and a maiden underground resource of 684,000 ounces at Orion South, with targeted annual production exceeding 150,000 ounces at AISC of A$1,650-A$1,750 per ounce over a mine life beyond 11 years. Capricorn offers gold exploration services across extensive tenements totaling over 4,000 square kilometers, including regional drilling programs yielding 58,761 meters at KGP and 135,640 meters at MGGP in 2025, alongside acquisitions such as the Sylvania and Deadman Flat projects adding 2,010 square kilometers contiguous to KGP; the company processes ore through carbon-in-leach circuits, with KGP infrastructure supporting expansion to 6.5 million tonnes per annum throughput. Founded in 2006 and headquartered at Level 3, 40 Kings Park Road, West Perth, the company, formerly Malagasy Minerals Ltd until its name change in February 2016, operates solely in Australia targeting institutional investors and gold markets with unhedged exposure following hedge book closures in 2025. Recent developments include board approval and July 2025 regulatory clearance for the A$120 million Karlawinda Expansion Project to boost KGP output to 150,000 ounces annually by 2026; completion of a 400-room accommodation village and process plant design advancement to 55% for MGGP; a A$193.4 million capital raise in November 2024 supporting debt repayment and self-funding; and the completed acquisition of Warriedar Resources Ltd in November 2025 for A$310 million in shares, integrating the Golden Range Project's 2.3 million ounces gold-equivalent resources near MGGP to expand the combined portfolio by 25%. Capricorn reported record fiscal 2025 results with A$505.9 million revenue from 118,223 ounces sold at A$4,463 per ounce realized price, A$273.4 million EBITDA, A$150.3 million net profit, and net cash of A$355.8 million post-hedge closures and zero debt.